Certified Advisory Corp Sells 20 Shares of Netflix, Inc. (NASDAQ:NFLX)

Certified Advisory Corp cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,144 shares of the Internet television network’s stock after selling 20 shares during the period. Certified Advisory Corp’s holdings in Netflix were worth $1,019,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the third quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC purchased a new stake in Netflix during the 3rd quarter valued at $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix during the 3rd quarter valued at $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. Oppenheimer cut their price objective on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating for the company in a report on Wednesday. Guggenheim boosted their price target on Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Morgan Stanley increased their price objective on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Barclays boosted their target price on shares of Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $680.00 price target on shares of Netflix in a research report on Thursday. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $845.06.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now owns 246 shares of the company’s stock, valued at $185,976. This trade represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock valued at $127,616,898 over the last three months. 1.76% of the stock is owned by company insiders.

Netflix Trading Up 1.9 %

Shares of NASDAQ NFLX opened at $858.10 on Friday. Netflix, Inc. has a 1-year low of $476.06 and a 1-year high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50 day moving average is $883.32 and its two-hundred day moving average is $757.20. The stock has a market capitalization of $366.80 billion, a P/E ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, research analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.